Monday 31 January 2022Monday 31 January 2022
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Allsopp & Allsopp Annual Property Market Report 2021
As we close off the first half of 2024, Dubai’s property market has shown impressive growth across all residential sectors with no signs of slowing down.
2021 saw the world adapt to living in a pandemic, despite the uncertainty that loomed in the aftermath of 2020, the Dubai property market has gone from strength to strength!
Allsopp & Allsopp have introduced two new businesses and a new department, with the launch of the Short-Term Lettings division and branching off from the Real Estate industry into recruitment with Allsopp & Allsopp Recruitment, and maintenance, with Allsopp & Allsopp Home Maintenance.
We have recorded a few trends for the year:
- A rise in luxury property sales
- An increase in physical viewings
- An increase in mortgages transactions
- An increase in the average sale price
- A decline in properties listed for sale
We have included the most notable sales and lets of 2021, as well as comments from CEO, Lewis Allsopp regarding the year overall, along with his predictions for 2022.